A report from The Insight Partners has been released, detailing growth areas in the global level sensor market to 2025.
According to the report, growth in the level sensor market will be driven by factors such as increased user-friendliness, reliability, easy accessibility and cost reduction. Other growth factors include government regulations within the industrial and power sectors, implementation of multipurpose level sensors for manufacturing and vehicle production, and the miniaturisation of sensors.
The report also states that there will be a stronger emphasis on research and development (R&D) for nanotechnology in an effort to enhance level sensing applications and products to match the enhancement in other technologies. This is predicted to result in significant development in the global level sensor market.
Companies such as Siemens, AGG, Emerson and Honeywell are already investing heavily in acquisitions and R&D activities for innovative development within the non-contact based level sensing technologies. However, wide usage of thin film technology for production and sensing products is currently hindering the level sensor market, according to the report. This is alongside the issue suppliers face with implementing different technologies for the manufacturing of similar level sensing products.